Tag: trade wars

by Richard Cameron If Donald Trump gets the Singapore summit with North Korean dictator Kim Jong-un as wrong as he just got the G6+1 meeting in Canada – the US is going to get taken to the cleaners, bigly. Former U.S. Ambassador to Russia, Michael McFaul put it in these terms: Trump, as has been reported, slunk out of the meetings in Charlevoix, Quebec, pouting and grumbling that the other national leaders did not dance to his tune the way the GOP Congress has for the past…

by Tony Wyman Trade War Between Trump And Credible Economists You could hit an imported Chinese golf ball into a room full of economists and have a pretty good chance of not hitting one who agrees with President Trump‘s trade kerfuffle with China. Why? Because, unlike the president, most economists think trade deficits aren’t a bad thing. In fact, some even think they are good. How can that be? Doesn’t it make sense that we are losing against China if they are selling us more than we are selling them? …

by Lynda Bryant-Work “Trade wars are good, and easy to win.” So President Trump tweeted after announcing the United States would impose steep tariffs on imported. This after already imposing other tariffs that are directly affecting other American businesses and industry. But the Great Depression years would indicate that nothing could be farther from the truth. Trade wars are bad – call it the tariff trickle-down theory – like real wars, they hurt people. Those who remember the last trade war or have even read about it know the damage…